Advice failures cost Australian banks $150m in fines
Australia’s largest banks and leading wealth manager AMP have so far paid A$60m towards a A$200m (£114,48, €133,563, $148,720) fine for charging customers for financial advice they did not receive, according to the country’s financial services regulator.
Emerging Markets | 19 May 17
ANALYSIS: EM outperformance – will the consensus hold?
There seems to be an investor consensus that emerging market stocks will continue to outperform both in the short and medium term.
Investment | 19 May 17
WisdomTree offers short-duration SHAG to investors
WisdomTree has united with Bloomberg Barclays to launch SHAG, an exchange-traded fund (ETF) targeting short-duration US fixed income.
What do investors use ETFs for?
The use of index trackers by professional investors has skyrocketed in recent years. Investors have been attracted by the easy access to ETFs, their transparency and of course their low fees. But what do they exactly use ETFs for? Greenwich Associates asked 132 institutional investors the question.
PEOPLE MOVES: Standard Life, Hargreaves Lansdown, Franklin T.
Standard Life Investments hires an ex-JP Morgan executive director, as Hargreaves chairman Mike Evans reveals he will be stepping down. Franklin Templeton poaches a key figure from Aberdeen Asset Management while DFM Beaufort has hired a new investment manager.